-In the above figure,if a Medicare subsidy that had previously been paid by the government has now been eliminated,the result will be
A) an increase in the price received by producers,from to
.
B) a decrease in the price received by producers,from to
.
C) an increase in the price paid by consumers,from to
.
D) a decrease in the price paid by consumers,from to
.
Correct Answer:
Verified
Q284: Which of the following is a major
Q285: The major economic effect of Medicare subsidies
Q286: Medicare subsidies will cause people to
A) perceive
Q293: Q296: When state and local governments provide public Q307: Medicare subsides will cause people to Q312: In public education, the value of the Q318: By subsidizing the provision of public education, Q318: Q320: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A) consume